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18 sie 2022 · Bailout Recipients. Last update: Aug. 18, 2022. We're tracking where taxpayer money has gone in the ongoing bailout of the financial system. Our database accounts for both the broader $700...
- Government-Sponsored Enterprise
We're tracking where taxpayer money has gone in the ongoing...
- Failed Bailout Investments
ProPublica is still tracking where every dollar of taxpayer...
- Government-Sponsored Enterprise
Many objections to domestic carmaker bailouts centered on economic philosophy. Critics asked: In the “free” market, shouldn’t companies stand or fail on their own? Like the banks, the domestic auto industry was widely viewed as having brought a lot of the catastrophe upon itself.
The 2008–2010 automotive industry crisis formed part of the 2007–2008 financial crisis and the resulting Great Recession. The crisis affected European and Asian automobile manufacturers, but it was primarily felt in the American automobile manufacturing industry.
With the intent to prevent massive job losses and destabilizing damage to the entire manufacturing sector, the U.S. and Canadian governments provided unprecedented financial bailout ($85 billion) support to allow the companies to restructure and jettison legacy debt via Chapter 11 bankruptcy.
29 mar 2019 · The controversial bailout saved hundreds of thousands of jobs and likely kept the Great Recession from being a bona fide depression. Ford avoided bankruptcy by mortgaging everything, even its...
13 lis 2018 · About 20 percent of the total TARP funds — $80 billion — went to bail out General Motors and Chrysler. As described in an account of the crisis, “Detroit Back From the Brink,” by Chicago ...
19 gru 2018 · Buyers of electric vehicles made by GM and other automakers get federal tax credits of up to $7,500, as an incentive to get more of the zero-emissions vehicles on the road.
